What percentage of the richest men in history did not have a monopoly? Gates: monopoly Rockefeller: monopoly Carlos Slim: monpoly Bezos: MONOPOLY!
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Replying to @BarbarianCap
Is Amazon really a monopoly? Not as clear to me as the other cases. Also those other companies made gobs and gobs of cash without having to do much after the initial success. Also not clear to me that's true for Amazon.
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Replying to @Value_Quant @BarbarianCap
I think so, yes. Amazon mints money on it's marketplace. They take a ~15% cut of a huge chunk of all retail sales and that 15% is just their commission for having a product on Amazon.
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I don't see Amazon's building of fulfillment centers and painting prime on a few planes or pretending to do drone deliveries to be more of an undertaking than what Windows (the world's OS), Rockefeller (oil refining is hard and cap-intensive), or Telemex (building towers), did.
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